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Fashion

Simon Property sues Gap over unpaid rent

Indiaretailing Bureau -
Simon Property Group is suing Gap as the fashion retailer failed to pay more than US$ 65.9 million in rent and other charges due during the coronavirus pandemic. In late April, Gap stopped paying rent on its temporarily shuttered stores,...
Fashion & Lifestyle

Aéropostale on road to recovery, says buyer Simon Property Group

Indiaretailing Bureau -
Mall developer Simon Property Group thinks struggling and recently bankrupt teen apparel chain Aéropostale could bounce back in a major way and potentially double its store fleet. The group - which bought Aéropostale - has kept 500 of Aeropostale’s 700 stores...
Retail

Phoenix Mills appoints new COO

Indiaretailing Bureau -
Mumbai-based real estate developer Phoenix Mills Ltd (PML) has appointed Tony Ward as the COO, leasing and land acquisition. Tony will head leasing operations for the group's new retail-led developments across India. He will be responsible for selection of brands,...
Retail

Wadia Group Simon Group to develop luxury malls

Indiaretailing Bureau -
According to unconfirmed reports, the Wadia Group is entering into a 50:50 joint venture (JV) with Simon Global Ltd, a subsidiary of the US-based real estate company Simon Property Group Inc. (SPG), to develop luxury shopping centres in India....
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In FocusAbhisar Narula -

The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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